Wasteful spending gets attention Nov 9, 2009
6 billion on consultants and contracts between 2005 and last year, according to the Estimates of National Expenditure published by the Treasury. Last week the auditor-general said national and provincial departments were expected to spend R7. (Business Report, South Africa)
State payment to Denel-Saab is not for a penalty Oct 31, 2009
On Tuesday, when the Minister of Finance, Pravin Gordhan, tabled the adjusted estimates of national expenditure for this year in the National Assembly, a sum of R191. 9 million was listed as being paid to the Department of Public Enterprises. (Business Report, South Africa)
NZ emerges from recession Sep 23, 2009
Gross national expenditure, which excludes exports and imports, contracted 2. 1 per cent, today's report showed. (Sydney Morning Herald -- Business)
The numbers don't add up Sep 4, 2009
They tell us our gross national expenditure in the June quarter was actually a tad less than a year earlier. The reason our output grew, it says, was that we imported far less of what we consumed import volumes fell 13 per cent year on year yet our export volumes held steady, even rising 3 per cent in the first half of 2009. (Sydney Morning Herald -- Opinion)
Singapore faces a 'silver tsunami' Aug 27, 2009
5% of Singapore's gross national expenditure, one of the lowest such percentages in the world. A research report by Nanyang Technological University's David Reisman showed that 36% of health-care expenditure was government financed in Singapore in 2007, comparable to the percentages of much poorer Indonesia and economic basket case Zimbabwe. (Asia Times Online)
Gravy train of an MP goes off the rail. Jul 6, 2009
Budget income, on the other hand, is a plan for raising actual cash for the expected National Expenditure for a specific period. So if at the end of a budget period there is a deficit this represent an actual cash loss or potential loss to the nation. (Ghana Web, Ghana)
Ghana@50 celebration was not a waste of national resources Jul 4, 2009
In other words, the cost of additional health equipments in hospitals, school buildings, etc that come close or equates to the actual sum spent on staging the Ghana@50 Celebration will be money well spent, if the hospitals and the schools, etc, were the beneficiaries of this National Expenditure instead of the Ghana@50. The Ghana@50 celebration was not a total waste of national resource as these commentators will want us to believe. (Ghana Web, Ghana)
Everything points to a bearable recession Jun 6, 2009
This is one of the small comforts of recessions: spending (gross national expenditure) always falls by more than production (GDP) falls. This is good news because employment runs off production, not spending. (Sydney Morning Herald -- Business)
Southern Africa: Global Financial Crisis Leads to HIV Budget Cuts May 19, 2009
All this stands in direct contradiction to a commitment to set aside 15 percent of their national expenditure towards health made by African heads of state during a meeting in Abuja, Nigeria, in 2001. "Very few countries have met this goal. The money is there. It's all about prioritisation of resources," Akugizibwe told IPS. "The situation is very frightening, because governments cut back on already insufficient HIV treatment and care programmes," she warned. (allAfrica.com)
Land Bank must refocus - Manuel Feb 16, 2009
The treasury's estimates of national expenditure say that the bank is refocusing its strategy on development as core to its business. It is candid about the weaknesses of the Land Bank, reporting that a minority of loans went recently to development projects. (Business Report, South Africa)
Full text of Budget 2009 speech Feb 12, 2009
Let me elaborate briefly on some of the key spending proposals that are provided for in the medium term expenditure framework set out in this year's Budget Review and the Estimates of National Expenditure. Education Government's contribution to public education remains our single largest investment, because we know that it is the key to reducing poverty and accelerating long-term economic growth. (Business Report, South Africa)
